Rhode Island

Moody's Investors Service late Monday revised its outlook on Rhode Island to stable from negative and affirmed its Aa2 general obligation rating.

Rhode Island Secretary of State Ralph Mollis intends to seek a steeper fine, if one is warranted, against a lawyer accused of wrongly lobbying for the 38 Studios financing bill.

Rhode Island and capital city Providence have received federal TIGER grants transportation-related improvement projects.

In Rhode Island, state Treasurer Gina Raimondo and Cranston Mayor Allan Fung will face off for governor after winning primaries on a day that also featured primaries in Massachusetts and New York.

Oppenheimer is set to return to court on Wednesday afternoon to defend a motion to add to the list of defendants in its complaint against the Rhode Island Tobacco Settlement Financing Corporation.

Rhode Island ended fiscal 2014 with a $68 million general fund surplus, said Gov. Lincoln Chafee.

General Treasurer Gina Raimondo has moved ahead of Providence Mayor Angel Taveras in the Democratic primary for Rhode Island governor, according to a poll.

Roger Williams University trustees have authorized negotiations to lease the former 38 Studios office for its own downtown Providence expansion.

A Rhode Island Superior Court judge will hear a petition by bondholders to oppose receivership for Wyatt Detention Center in Central Falls, saying the city is using the process to cram them down.

Keith Stokes, the former executive director of the Rhode Island Economic Development Corp. has withdrawn from a lawsuit against the agency's former lawyer and bond counsel over the 38 Studios fiasco.

Rhode Island Gov. Lincoln Chafee nominated policy director Steve Hartford for director of administration to replace Richard Licht, who will become a judge.

Rhode Island will hold another referendum in November asking voters if they want to expand gambling at the Newport Grand casino.

Moses Afonso Ryan agreed to pay $4.37 million to settle with Rhode Island over the state's lawsuit for its role as a 38 Studios bond deal advisor.

James Diossa, 29, is the new face of Central Falls as the 19,000-population Rhode Island city recovers from bankruptcy.

Former Providence, R.I., Mayor Buddy Cianci, who served five years for racketeering, said he will launch a third effort to reclaim City Hall.

Fitch Ratings, countering a state-sponsored report, said a failure by Rhode Island to pay 38 Studios moral obligation bonds not drag Rhode Island's GOs to junk level.

Public Financial Management Inc. points to municipal clients that have avoided state oversight, some receiving bond-rating upgrades, as signs of progress in its nearly three years in Rhode Island.

Moody's upgraded formerly bankrupt Central Falls, R.I., to Ba3 from B1 and changed the city's outlook to stable from positive.

Despite a recent vote for the state to make a bond payment, intrigue and controversy surround continue to surround the saga of the failed 38 Studios economic development deal in Rhode Island.

Standard & Poor's removed Rhode Island from credit watch negative after state lawmakers approved a $12.3 million 38 Studios bond payment.